Top executives’ great famine experience and stock price crash risk

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buir.contributor.authorŞensoy, Ahmet
buir.contributor.orcidŞensoy, Ahmet|0000-0001-7967-5171
dc.citation.epage101564- 17en_US
dc.citation.spage101564- 1en_US
dc.citation.volumeNumber59en_US
dc.contributor.authorCui, X.
dc.contributor.authorSun, M.
dc.contributor.authorŞensoy, Ahmet
dc.contributor.authorWang, P.
dc.contributor.authorWang, Y.
dc.date.accessioned2023-02-15T11:53:30Z
dc.date.available2023-02-15T11:53:30Z
dc.date.issued2021-10-09
dc.departmentDepartment of Managementen_US
dc.description.abstractUsing Chinese stock market data, we examine the impact of top executives’ great famine experience on stock price crash risk. We provide insights on the consequences of early-life disaster experience and the underlying mechanisms through which top executives’ famine experience affects crash risk. Evidence shows that, firms led by top executives who experienced the great famine in early-life have lower stock price crash risk. In addition, these firms have higher information transparency and lower information risk, which ultimately reduce the future stock price crash risk. And the effect varies with top executives’ growth stage, firm characteristics, and external monitoring.en_US
dc.embargo.release2024-10-09
dc.identifier.doi10.1016/j.ribaf.2021.101564en_US
dc.identifier.eissn1878-3384
dc.identifier.issn0275-5319
dc.identifier.urihttp://hdl.handle.net/11693/111347
dc.language.isoEnglishen_US
dc.publisherElsevier Inc.en_US
dc.relation.isversionofhttps://doi.org/10.1016/j.ribaf.2021.101564en_US
dc.source.titleResearch in International Business and Financeen_US
dc.subjectTop executiveen_US
dc.subjectThe great Chinese famineen_US
dc.subjectStock price crash risken_US
dc.titleTop executives’ great famine experience and stock price crash risken_US
dc.typeArticleen_US

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